Economists in Funlandia, a closed economy, have collected the following information
Chapter 26, Problem Problems and Applications 26.5(choose chapter or problem)
Economists in Funlandia, a closed economy, have collected the following information about the economy for a particular year: Y = 10,000 C = 6,000 T = 1,500 G = 1,700 The economists also estimate that the investment function is: I = 3,300 100 r, where r is the countrys real interest rate, expressed as a percentage. Calculate private saving, public saving, national saving, investment, and the equilibrium real interest rate.
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